What is the problem of trust in projects? - page 29.

muddy waters

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed.

I fully agree with you.
In 2017 the Chinese authorities banned crowdsales in their jurisdiction, and all companies that had already conducted ICO were asked to return the funds to investors.
Large international regulators do not trust ICOs. There are suspicions that all these belong to "Ponzi scheme" (financial pyramid).
We should understand that the main goal of the financial pyramid is to enrich its creators at the expense of the personal investments of new participants.
The assets of such pyramids are not needed by anyone on the external market, they do not offer any advantages of use, and they do not solve any problems.

faceoff97

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

ICO is good. It was meant to make a project succeed. Since ICO provides all the information needed then the part of investors is to take time reading and make a good research about the project. Most scam projects are made with obvious similarities, you'll easoly determine whether a project is legit or just a scamming project. No reason for you to be afraid of ICO, huat allot more time of reading.

rafaelyarulin

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Nobody in the world is protected from fraud with the ICO. Even quite promising projects sometimes could not gain the required amount of support, and together with them, "burn up" spent funds, although bona fide developers send money back in this case. Many experts believe that 2018 will be a turning point for the whole of the ICO.

Capt00

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Quote from: c++btc on April 27, 2018, 10:11:03 PM

Actually Ico's are now the most effective way of earning money in such a long time of period though there are so many ico's now that scamming people but if you have the right research and the timing of that ico you are joining with for sure it will be a great way to earn.

Definitely it could be but we can't blame others to think that ICOs are just a way to scam people. I know some people getting scared of losing their money in just a single wink that's why they don't get involve in ICOs.

ronics

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such as an ICO project or any bounty campaign that is full of trust you work long and lose everything because you have a problem with a fake ICO should have no entrepreneurs going on because we really have to work all out that is the problem with the project and there will be no entrepreneurs going out because all the bitcoines are working hard to improve the projects that are being sold but you are not getting paid for the fake ICO. the bowler hopefully.

8count

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Quote from: European Central Bank on April 27, 2018, 12:22:46 PM

Quote from: Grayy on April 27, 2018, 11:59:09 AM

Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.

the most likely outcome may well be ICOs being fully regulated which would be enough to scare off the scammers and crappy projects. in theory an ICO is a valid route, but the way it's done now is so rancid that it won't be permitted to continue.

i expect we'll see fully approved ICOs made available to major investors and the shit will continue to stink away in the shadows, but the days of mass publicity attracting hundreds of millions from random morons are coming to an end.

I agree the day is coming when ICOs will have to be regulated. Something like international digital currency investment organization. (IDCIO) The ICO will have a registered number that people will be able to check on the governing website which will give details of the project.

That would bring confidence back into ICOs. At the moment myself I see buying into the project after it hits the market a better option. Even good projects seem to be hitting the markets down at least 50% of ICO price for the 1st few days.

jaocoincrypto18

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

I agree there are lot of ICO that are scam but still they are only few compare to the successful ICO that are legit and their coins are now in the market in which there are lot of people that become successfully rich because of these good ICO. It is unwise to remove ICO in the Crypto currencies investment just because of these some fraud ICO but the best suggestion is to have them regulate so that we could determine the good and the bad ICO.

c++btc

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Actually Ico's are now the most effective way of earning money in such a long time of period though there are so many ico's now that scamming people but if you have the right research and the timing of that ico you are joining with for sure it will be a great way to earn.

really01

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Actually there are still many problem in ico. Scams are exist. Currently, I saw several projects related to ico management. At present they have some issues I find not reasonable. But, I think in the future they will be more fulfilled so people can be assured of investment.

Lanatsa

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Quote from: Indrawan77 on April 27, 2018, 07:05:50 PM

Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit

Eliminate ICO? Then there would be no additional altcoins in the market if this thing would happen we know this funding is only needed for a particular project to developed or progress even more. ICO investments is one of the things where you can able to generate easy profit depending on how good is the project is and this is why scammers are targeting this field since they do know the interest of investors are high.

Indrawan77

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Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit

neliawesome

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That is true there are lots of ICO project scam and it is very hard to distinguish but banning it isnt a great solution because it still has a great help of crypto world so instead of closing or banning ICO projects they should implement strict rules of accepting projects and segregate those useless projects because the more projects offer the more scam made.So its better there should be strict implementation of accepting ICO project so that everyone will not be scared to be scammed from those fraud projects.

harizen

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

I understand your sentiments but you are generalizing all the ICO's even the legit one. Not all ICO's are having a traits like that. It's just that there are scammers everywhere. If people afraid then just easily don't put money on them.

There should be no problems like that if only there are no shit team that taking advantages on the hype of ICO's. Back then, there are only few ICO's on which most of them and legit and now having a good price today at exchanges.

That's why ICO regulations become more strict. Although others don't want the idea of regulations, no doubt that it will minimize the risks of being scammed.

ololajulo

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I have not being involved in any project or being an admin but I still believe in ICOs. Some people have never invested in scam ICOs even with how it is everywhere. As much it is the concern of all investors, governments have also taken it is a serious challenges to reduce scam projects. KYC is an obvious development reduce scam project however I still hear some invest in project have not seen before. Some scam projects are painted in black and white and people still fall victims

Zadicar

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

I know what you feel towards into those fraud/scam projects that are flooding here on the market which is actually true.There are lots of them and mostly people or investors do fall out to invest which causes for them to lose up money.I know that you would like to remove them but i would tell you crowdfunding would still remain where this is only the way on where legit projects could able to get the support.This is why we should really be keen on selecting with legit ones,even its hard but we should try our best on choosing.

Semaj123

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

It is impossible to remove ICO because it is already been established and as long as there is a smart contract then it will just becoming more rampant. ICO was created to give the community to be more developed and sadly we can't deny the fact that some were abusing the system. So, this is why we have to be more vigilant and always do deep research before investing. We have the right tools to do the research and so we should make use of it in order for us not to fall into a trap.

coinluisa

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Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

Maybe your right they need to remove some ICO because not all ICO is bad project some of them have good intention and have a good project that have a potential in the future. We need to admit some project in the cup is big help in crypto industry.

Komorhan

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Quote from: kodtycoon on April 27, 2018, 04:18:19 PM

Quote from: Komorhan on April 27, 2018, 11:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

I do not understand what you're talking about, you ask for the ICO to stop or be banned, but why do you still support it? You are using a signature for one of the ICO projects that are running a campaign and you support it by participating in that signature campaign, that means you support the ICO project. Are you joking to ask people to ban and destroy ICO, even you still support it? LOL

Yes, for the first time I joined the signing campaign. But is it only important in the advertising ico process? I lost money on a project. and I said my thoughts. Being a legendary here does not show that you are right in everything.

Apple Mac

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Quote from: btc-facebook on April 27, 2018, 01:03:13 PM

It's reasonable since bitcoin source code are public so everyone can "copy" bitcoin works into something different or even compete bitcoin existense.
We as investor must more carefully choose the correct ICO before something bad happen !

Thats true, people were now afraid for joing bounty campaigns because they were having trust ossues since scams and frauds were being practice by the people behind those projects, as one of the people who works hard here, I am very frustrated whenever I will heard that this campaign is a scam, and what should I do, I cannot slap that people in the dact cause this forum itself promotes anonymity, I think this should be stop by now, cause we dont know how long it will takes if we will let this people fool us.

Slow death

legendary

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many people have already posted interesting things in this thread, I'm just going to add some things, well there are times that people behind ICO do not run away with investor money, but those same people who are behind ICO can not deliver what they promised to investors, spend months and years and nothing, the project does not walk. In the last months months I have seen some things that shocked me, the truth is that many people who are in the world of crypto and who create coins can not fulfill what they promise and this because to face the challenges of the real world is very difficult and will make it more difficult when governments impose regulation.

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